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Representational photo.

Individual taxpayers get 10 more days to file tax returns

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON DEC 31, 2020 11:23 AM IST
The deadlines have been extended for the third time to provide relief to taxpayers who have been badly hit by the Covid-19 pandemic, a finance ministry spokesperson said
Tax department organised special camp for government employee to help file their Income Tax Returns (ITRs).(MInt)
Tax department organised special camp for government employee to help file their Income Tax Returns (ITRs).(MInt)

Last-minute rush to file ITRs as deadline nears

Livemint, New Delhi | By Gireesh Chandra Prasad
UPDATED ON DEC 30, 2020 02:10 AM IST
Experts point out that one of the key things to remember is to opt for the appropriate tax return forms. For individuals, there are four forms—ITR-1 to ITR-4.
The income tax office is seen in this file photo in Delhi.(Pradeep Gaur/ Mint Photo)
The income tax office is seen in this file photo in Delhi.(Pradeep Gaur/ Mint Photo)

Income tax return: Last date for filing is Dec 31. Here is how to file yours online

Hindustan Times, New Delhi | By hindustatimes.com | Edited by Meenakshi Ray
UPDATED ON DEC 29, 2020 12:58 PM IST
According to rules, those who earn Rs 250,000 or more annually are mandatorily required to file ITRs. The limit for senior citizens or those between 60 years and 80 years of age is Rs 500,000.
The deadline to file ITR by individual taxpayers for FY2019-20 ends on December 31, 2020, while the same for taxpayers whose accounts require to be audited is January 31, 2021. Representational image.(Getty Images/iStockphoto)
The deadline to file ITR by individual taxpayers for FY2019-20 ends on December 31, 2020, while the same for taxpayers whose accounts require to be audited is January 31, 2021. Representational image.(Getty Images/iStockphoto)

Over 4.15 crore ITRs for fiscal year 2019-20 filed till December 26

New Delhi | By Press Trust of India | Posted by Srivatsan K C
PUBLISHED ON DEC 27, 2020 07:18 PM IST
As the deadline to file ITR by individuals nears, the tax department also urged people to file their ITR for assessment year (AY) 2020-21 early to avoid last minute rush.
The last date to file income tax return for financial year 2019-200 (assessment year 2020-21) is December 31. (Photo: ncometaxindiaefiling.gov.in)
The last date to file income tax return for financial year 2019-200 (assessment year 2020-21) is December 31. (Photo: ncometaxindiaefiling.gov.in)

ITR filing for FY 2019-20: 5 days left, ‘Don’t click on fake links,’ alerts income tax department

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON DEC 30, 2020 03:10 PM IST
Alerting taxpayers, the income tax department has said that it does not request detailed personal information through e-mail.
The office of chief commissioner of the Income Tax department in Dehradun is seen in this file photo.(Mint Photo)
The office of chief commissioner of the Income Tax department in Dehradun is seen in this file photo.(Mint Photo)

If you have withdrawn from PF fund, you will have to show in ITR

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON NOV 30, 2020 03:37 PM IST
Experts have said information about the withdrawal from the PF account will have to be furnished in your income tax return form even if the amount withdrawn is outside the purview of income tax.
The Central Board of Direct Taxes has extended the due date for filing of the ITR for the Assessment Year 2020-21 to 31-12-2020 for non-audit cases.
The Central Board of Direct Taxes has extended the due date for filing of the ITR for the Assessment Year 2020-21 to 31-12-2020 for non-audit cases.

Taxpayers may have to pay interests on outstanding income tax exceeding Rs 1 lakh

Hindustan Times, New Delhi | By Rajeev Jayaswal | Edited by Sparshita Saxena
UPDATED ON OCT 26, 2020 06:43 PM IST
The government on Saturday extended deadlines for furnishing various ITRs and audit reports as a relief to taxpayers from Covid-19 pandemic, but there is no clarification on the aspect of interest waiver.
In a relief to small and middle-class taxpayers in the matter of payment of self-assessment tax, the due dates for payment have been extended.(HT Photo)
In a relief to small and middle-class taxpayers in the matter of payment of self-assessment tax, the due dates for payment have been extended.(HT Photo)

Centre extends the deadline to file tax returns to Dec 31

Hindustan Times, New Delhi | By Press Trust of India, New Delhi
PUBLISHED ON OCT 25, 2020 12:57 AM IST
The government had earlier in May extended various due dates for filing ITRs for FY 2019-20 from July 31 to November 30, to give compliance relief to taxpayers due to the Covid-19 pandemic.
Shaurya is 10 metres long, 74 cm in diameter and weighs 6.2 tonnes. Its two stages use solid propellants.(ANI file photo)
Shaurya is 10 metres long, 74 cm in diameter and weighs 6.2 tonnes. Its two stages use solid propellants.(ANI file photo)

India successfully test-fires nuclear capable hypersonic missile Shaurya

Balasore | By Press Trust of India | Posted by Prashasti Singh
PUBLISHED ON OCT 03, 2020 05:31 PM IST
‘Shaurya’, which is the land variant of Indias K-15 missile, has a strike range of 700 km to 1000 km and is capable of carrying payloads of 200 kg tO 1000 kg, the sources said.
The date has been revised keeping in mind the difficulties being faced by taxpayers amid the Covid-19 pandemic. (HT photo)
The date has been revised keeping in mind the difficulties being faced by taxpayers amid the Covid-19 pandemic. (HT photo)

ITR filing: Deadline for assessment year 2019-20 extended to November 30

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON SEP 30, 2020 06:02 PM IST
This is the fourth time that the date has been revised amid the Covid-19 pandemic. It was first revised till June 30, then July 31, then September 30 and now till November 30.
The information sought in the tax return, experts said, is similar to the kind of details sought at the time of a tax scrutiny.(HT Photo)
The information sought in the tax return, experts said, is similar to the kind of details sought at the time of a tax scrutiny.(HT Photo)

Taxpayers have to disclose details of share sales in AY21

Hindustan Times, Mumbai | By Gireesh Chandra Prasad
PUBLISHED ON SEP 22, 2020 04:53 AM IST
A government official said the details are being sought as part of the income tax department’s goal of raising the level of disclosures.
A PAN and Aadhaar linkage will help tax officials to keep a tab on tax evaders, officials said.(HT File Photo)
A PAN and Aadhaar linkage will help tax officials to keep a tab on tax evaders, officials said.(HT File Photo)

180 million PANs may be defunct without Aadhaar

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON AUG 21, 2020 06:55 AM IST
The govt may track expenditure patterns of individuals who spend large sums on luxuries but underreport income
Income Tax department is prepping to nab people who conduct high-value transactions using multiple PANs(Vipin Kumar/HT Photo)
Income Tax department is prepping to nab people who conduct high-value transactions using multiple PANs(Vipin Kumar/HT Photo)

I-T crackdown against people holding multiple PANs after March 31

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON AUG 20, 2020 10:51 AM IST
The government may also expand the list of high-value transactions to track expenditure patterns of those unscrupulous people, who spend large sums on luxuries but underreport their income and evade tax
There is no proposal to modify income tax returns forms, a finance ministry official said.(Representative Image)
There is no proposal to modify income tax returns forms, a finance ministry official said.(Representative Image)

Artificial intelligence to nab tax evaders

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 17, 2020 12:04 AM IST
Any “purported extension” of current list of SFTs will not impact the honest taxpayers as they are not required to file details of high value transactions in ITRs, an official said.
The CBDT order provides a good opportunity to them for regularising the past ITRs and not only solve the issue of past non-compliance but also receive past pending refunds stuck due to this procedural lapse, said an income tax professional.(Livemint / File Photo)
The CBDT order provides a good opportunity to them for regularising the past ITRs and not only solve the issue of past non-compliance but also receive past pending refunds stuck due to this procedural lapse, said an income tax professional.(Livemint / File Photo)

I-T dept asks taxpayers to verify ITRs for AYs 2015-16 to 2019-20 by Sep 30

New Delhi | By Press Trust of India | Posted by Anubha Rohatgi
UPDATED ON JUL 13, 2020 09:28 PM IST
The Central Board of Direct Taxes said that a large number of electronically filed ITRs still remain pending with the I-T Department for want of receipt of a valid ITR-V (Verification) form at Centralised Processing Centre (CPC), Bengaluru from the taxpayers concerned.
File photo: People stand in queue to file their IT returns outside Income Tax office at BKC, Bandra in Mumbai.(Hindustan Times)
File photo: People stand in queue to file their IT returns outside Income Tax office at BKC, Bandra in Mumbai.(Hindustan Times)

ITR filing deadline for FY 2019-20 extended till November 30

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Sparshita Saxena
UPDATED ON JUL 04, 2020 12:23 PM IST
The department, in a tweet, said that the move has been taken “understanding and keeping in mind the times that we are in” and hoped it will help taxpayers “plan things better”.
The government has given four months additional time to the taxpayers to file returns for the financial year 2019-20 because of the Covid-19 pandemic.(Mint File Photo)
The government has given four months additional time to the taxpayers to file returns for the financial year 2019-20 because of the Covid-19 pandemic.(Mint File Photo)

New ITR forms make mandatory disclosure of cash deposits over Rs 1cr, foreign travel

Hindustan Times, New Delhi | By Rajeev Jayaswal | Edited by Anubha Rohatgi
UPDATED ON MAY 31, 2020 08:20 PM IST
The income-tax (I-T) department on Sunday said in a tweet that CBDT notified ITR forms 1 to 7 for AY 2020-21, which captures income and investment details for financial year 2019-20 through an order dated May 29.
The income tax department has issued a new calendar for the year 2020(HT Photo)
The income tax department has issued a new calendar for the year 2020(HT Photo)

Income tax department issues new 2020 calendar for taxpayers with all deadlines

Livemint | By Nikhil Agarwal
UPDATED ON JAN 05, 2020 07:17 AM IST
The January month calendar reminds you about the due dates for TCS and TDS deposits for the quarter ending December 31, 2019.
CBDT on Thursday extended the deadline for filing of all kinds of income tax returns to November 30 in the newly-created Union Territories of Jammu and Kashmir, and Ladakh(Mint)
CBDT on Thursday extended the deadline for filing of all kinds of income tax returns to November 30 in the newly-created Union Territories of Jammu and Kashmir, and Ladakh(Mint)

CBDT extends all ITRs filing deadline for J-K, Ladakh UTs to Nov 30

New Delhi | By Press Trust of India
UPDATED ON OCT 31, 2019 10:10 PM IST
The CBDT order also said the ITRs filed by individual taxpayers, post the set deadline of August 31, will also be considered valid as part of the latest order.
IT department has denied extending the date of filing Income Tax Returns to Octobre 15, it says the notification claiming so is ‘fake’(Mint Photo)
IT department has denied extending the date of filing Income Tax Returns to Octobre 15, it says the notification claiming so is ‘fake’(Mint Photo)

Income Tax Return: IT department says ‘ITR-date-extended’ message on social media fake

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON SEP 25, 2019 04:31 PM IST
September 30 is the last date for filing of ITR for all those whose accounts are to be audited like companies, partnership firms, proprietorships, etc. IT department has asked taxpayers to not be waylaid by a fake notification claiming extension of the date of filing ITRs
According to a fake document being circulated online, the deadline has been extended to September 30.(HT image)
According to a fake document being circulated online, the deadline has been extended to September 30.(HT image)

No extension in Aug 31 ITR filing deadline, beware of fakes

New Delhi | By HT Correspondent
UPDATED ON JUN 23, 2020 09:30 PM IST
Last month, the income tax department had extended the deadline for filing income tax return to August 31.
Under section 234A of the Income Tax Act, you are liable to pay simple interest at 1% per month or part of a month for delay in filing the return of income. You will have to pay the penalty on the belated return, irrespective of whether any tax is due or not.(Pradeep Gaur/Mint)
Under section 234A of the Income Tax Act, you are liable to pay simple interest at 1% per month or part of a month for delay in filing the return of income. You will have to pay the penalty on the belated return, irrespective of whether any tax is due or not.(Pradeep Gaur/Mint)

Last day of filing ITR today. Fine, prosecution if you miss it

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUN 23, 2020 09:03 PM IST
According to income-tax rules, if you file your return after the due date but before December 31 of the assessment year, you will have to pay a penalty of Rs 5,000. If you file it between January 1 and March 31 of the assessment year, the penalty goes up to Rs 10,000.
Saturday or August 31 is the last date to file your income tax return (ITR) for the assessment year 2019-20.(Hindustan Times)
Saturday or August 31 is the last date to file your income tax return (ITR) for the assessment year 2019-20.(Hindustan Times)

August 31 is the last date to file ITR. Here’s how to do it online

New Delhi | By HT Correspondent
UPDATED ON JUN 23, 2020 09:21 PM IST
Avoid paying a penalty and facing certain restrictions when you file a belated return and file ITR by the due date.
A lot of information that you are required to fill in ITR-1 form will be pre-filled.(PTI image)
A lot of information that you are required to fill in ITR-1 form will be pre-filled.(PTI image)

How to file ITR online if you are a salaried employee

New Delhi | By HT Correspondent
UPDATED ON JUN 23, 2020 08:58 PM IST
The total income during the assessment year 2019-20, however, should not be more than Rs 50 lakh.
You will have to file income tax returns irrespective of whether tax amount due or not.(HT File)
You will have to file income tax returns irrespective of whether tax amount due or not.(HT File)

Your Income Tax Return filing deadline is August 31

Hindustan Times | By HT Correspondent
PUBLISHED ON JUL 29, 2019 03:48 PM IST
The extension in the last date for filing ITR was expected due to the delay in release of Form 16.
The penalty for filing your ITR late ranges from Rs 5,000 to Rs 10,000, depending on the delay and income tax due.(Illustration: Rushikesh Gophane)
The penalty for filing your ITR late ranges from Rs 5,000 to Rs 10,000, depending on the delay and income tax due.(Illustration: Rushikesh Gophane)

File your income tax returns or face penalties, jail time

Hindustan Times, Mumbai | By HT Correspondent, Mumbai
PUBLISHED ON JUL 23, 2019 02:35 PM IST
IIn case you fail to file your ITR altogether, the tax department can send you a notice and it can also lead to prosecution.
The income tax department gives you the option to rectify your error under section 154.(HT Photo)
The income tax department gives you the option to rectify your error under section 154.(HT Photo)

Made a mistake in filing IT return? Don’t panic

Hindustan Times, Mumbai | By HT Correspondent
PUBLISHED ON JUL 23, 2019 02:34 PM IST
In case you want to make changes in your income tax return data, you can choose from options such as schedules being changed, donation and capital gain details. The gross total income and deduction amounts should be the same as in the processed return.
You should cross-check all your investment and withdrawals and the TDS details before filing your returns so that you don’t miss out on any of the tax dues.(iStock Photo)
You should cross-check all your investment and withdrawals and the TDS details before filing your returns so that you don’t miss out on any of the tax dues.(iStock Photo)

Tax details you must look out for

Mumbai | By HT Correspondent, Mumbai
PUBLISHED ON JUL 23, 2019 02:34 PM IST
There are multiple reasons where you might miss out to mention your income or wrongly report the income.
Though the current deadline to file your ITR is July 31, the government is likely to extend this owing to the delay in the release of Form 16 — a document required by salaried individuals for the process.(HT FIle)
Though the current deadline to file your ITR is July 31, the government is likely to extend this owing to the delay in the release of Form 16 — a document required by salaried individuals for the process.(HT FIle)

How to file Income Tax Returns yourself

Hindustan Times, Mumbai | By HT Correspondent
PUBLISHED ON JUL 23, 2019 02:33 PM IST
The government may extend the deadline to file returns, but it is better not to wait till the last minute. A breakdown of all you need to know.
Even though the utility is being updated regularly to provide ease to taxpayers, the returns filed by using the previous version of utility will continue to be valid, CBDT said.(Representative photo)
Even though the utility is being updated regularly to provide ease to taxpayers, the returns filed by using the previous version of utility will continue to be valid, CBDT said.(Representative photo)

No change in tax forms, says I-T dept; 1.38 cr returns filed already

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON JUL 16, 2019 10:25 PM IST
CBDT further clarified that the updating of utility do not hamper filing of return as the taxpayers are allowed to file using the utility which is available at that point of time. For example, more than 85 lakh taxpayers have filed returns in ITR-1 till date by using the said utility which has also undergone update later.
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